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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 83M | 6.6% |
Gross Profit | 21M | 43.3% |
Cost of Revenue | 70M | 0.5% |
Operating expense | 8.4M | 11.4% |
Net Income | 8.9M | 114.3% |
EBITDA | 13M | 77.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 368M | 3.4% |
Total Liabilities | 128M | 1.9% |
Total Equity | 240M | 4.2% |
Shares Outstanding | 9.2M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 7.3M | 29.3% |
Cash from investing | -5.5M | 0% |
Cash from financing | -2.7M | 38.6% |
EPS
Financial Highlights for Universal Stainless & Alloy in Q2 '24
Universal Stainless & Alloy reported a revenue of 83M, which is a 6.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 21M, marking a 43.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 70M, a -0.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 8.4M, showing a 11.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 8.9M, showing a 114.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 13M, showing a 77.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Universal Stainless & Alloy with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.